Assisted Living Concepts
The 10-second takeaway
For the quarter ended March 31 (Q1), Assisted Living Concepts met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share improved.
Margins improved across the board.
Assisted Living Concepts logged revenue of $59.0 million. The three analysts polled by S&P Capital IQ predicted revenue of $59.7 million on the same basis. GAAP reported sales were 1.0% higher than the prior-year quarter's $58.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.24. The three earnings estimates compiled by S&P Capital IQ averaged $0.26 per share. GAAP EPS of $0.24 for Q1 were 9.1% higher than the prior-year quarter's $0.22 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 41.9%, 190 basis points better than the prior-year quarter. Operating margin was 17.9%, 190 basis points better than the prior-year quarter. Net margin was 9.6%, 100 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $59.9 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $241.3 million. The average EPS estimate is $1.11.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 126 members out of 133 rating the stock outperform, and seven members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Assisted Living Concepts a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Assisted Living Concepts is outperform, with an average price target of $22.50.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.